Private Promissory Note Template for Belgium

1. Security Provisions: Include when the note is secured by collateral or other assets

2. Acceleration Clause: Optional provision allowing the entire amount to become due upon default

3. Prepayment Terms: Include when early payment is allowed, specifying any penalties or conditions

4. Default Provisions: Detailed terms about what constitutes default and its consequences

5. Assignment Rights: Include when transfer or assignment of the note is to be permitted

6. Governing Law and Jurisdiction: While Belgian law applies, specific jurisdiction details may be added

7. Witness Clause: Optional witness signatures for additional verification

1. Payment Schedule: If installment payments are involved, detailed schedule of payment dates and amounts

2. Collateral Description: If secured, detailed description of assets serving as collateral

3. Guarantee Agreement: If applicable, terms of any guarantee provided by a third party

4. Prior Agreements: If relevant, list of any prior agreements or notes being replaced or modified